Goldlong
Prepare to go long gold nextBros, today is destined to be an extraordinary day. Our short position turned from profit to loss, and then successfully turned loss into profit again! Indeed, when gold broke through 2675, I changed from calmness at the beginning to nervousness, but I saw that gold failed to continue to break through several times, so I chose to add positions near 2675 to short gold again. Obviously, it turned out that my trading idea was correct. Gold then gradually fell back and has now reached around 2660. I just closed my short position manually near 2660. Although gold may continue to fall back to the shock range, the 2660-2655 area below has been transformed into a support area, so to avoid gold rebounding again with the support area, I no longer took risks and manually closed the order near 2660 to lock in profits in time.
Although there were some twists and turns in the trading process today, the results proved that I was right, so we were able to successfully turn losses into profits in the gold short trading! A very good trading experience, the most satisfying is turning losses into profits! If you follow my trading strategy, I believe you have also made a good profit, congratulations!
Then next, if gold cannot effectively fall below the 2660-2650 area during the decline, then I may look for a suitable opportunity to go long on gold!
Bros, have you followed me to short gold? So how do you trade gold next?If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
12.10 Geopolitical gold prices are expected to riseThe oscillating market is a market that accumulates momentum. The longer the oscillation lasts, the longer the unilateral continuation will last after the breakthrough. This is the basic law of the market trend.
In the morning of December 9, the price of gold rose first, which was a response to the risk events over the weekend. The safe-haven property of gold was reflected again.
The situation in the Middle East (Syria) is deteriorating continuously and rapidly. Its opposition has seized control of the capital Damascus, and the top leader has been forced to flee. This "evolution" is the key to the deterioration of the incident, which has aggravated market concerns.
Intraday analysis suggestions:
In the short term, the support below the gold price is $2,620. This position has been tested and tested many times in the early stage. The upper pressure is at $2,660 and the strong pressure is at $2,670. The early week period can maintain a bullish trend on the strong support of $2,620.
The pressure shown by the technical side is very obvious at the moment, but the fundamental support factors also exist. This is the reason for the continuous struggle between long and short positions, and it is also the reason for the breakthrough. On the whole, after the oscillation or struggle between long and short positions, the probability of the long side winning is relatively high. Therefore, the transaction can be mainly long on dips
XAUUSD possiblity 2678- 80XAUUSD Analysis Gold is approaching a critical level, where there could be a potential opportunity for a sell near the 80 mark. However, the market is currently in a volatile state, and with the unpredictable nature of price action, trading in this environment carries significant risk. If it fails to hold at this level, the market could continue to move in unpredictable directions, making it a dangerous space for traders without proper risk management...
GOLD / Consolidation Zone 2653 - 2661Gold Technical Analysis
The price will consolidate between 2653 and 2665. At first, it will try to teach 2665, and then it should break 2665 by closing a 4-hour candle above it to get 2678. Stability above 2678 will start a bullish area toward 2706.
closing 4h candle below 2653 will be bearish toward 2638 and 2623.
Key Levels:
Pivot Point: 2653
Resistance Levels: 2665, 2678, 2706
Support Levels: 2638, 2623, 2612
World gold prices were under pressure last week from USDWorld gold prices were under pressure last week when the USD index increased. Recorded at 7:00 a.m. on December 8, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,040 points (up 0.32%).
Kitco News's latest survey shows that experts continue to be divided, while individual investors are optimistic about gold prices next week.
“I expect gold prices to rise next week, as long as the $2,600/ounce level holds. Three central banks in the G10 group will cut interest rates and the market predicts two banks (the Bank of Canada and the Swiss National Bank) may cut interest rates by 25 basis points" - Marc Chandler - CEO Executive at Bannockburn Global Forex - said.
"The downtrend line from the record high in late October will be near $2,680 an ounce on Monday and fall to around $2,660 an ounce by the end of next week," he added.
🔥 TVC:GOLD SELL 2657 - 2659🔥
💵 TP1: 2650
💵 TP2: 2640
💵 TP3: OPEN
🚫 SL: 2670
Gold on daily timeframe
As I mentioned in the previous analysis of gold, the $2600 level is a critical zone. The price has previously been rejected from this level and is currently showing signs of further upward movement. The next potential price target could be $2750.
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If you have any specific areas you would like to refine or if you need further assistance, please let me know!
#XAUUSD 1HR CHART LOOKOUTThe XAU/USD market is showing strong indications of a bullish breakout, with price action aligning to support further upward momentum. Key resistance levels are being tested, and buyer confidence is increasing as technical indicators favor a move higher. With steady demand for gold as a safe-haven asset, the market appears poised for a sustained rally, creating opportunities for upward moves in the sessions ahead.
The 3 Reasons To Buy GoldThese past few days have been very
stressful
And i recently got my hands on a weekly
time table
which i am trying my best to follow
so that i can study more about
the financial markets
And read more books
because next year i intend to go all in on
the Bitcoin market
Honestly i have no clue how i survived the
Bitcoin market crashes
Because for me
i view market crashes as
an opportunity to buy
The stock market is quiet
but the commodities markets
are on fire with
Gold OANDA:XAUUSD about to gap
up in an uptrend
The Bitcoin COINBASE:BTCUSD mania has slowed down.
Because there was a flash crash
And many people lost money on their
options trading accounts
Because of lack of risk management
Gold is a great buy
at this position
because it follows the rocket booster strategy
So what is the rocket booster
strategy?
It has 3 steps:
#1-The price has to be above the 50 EMA
#2-The price has to be above the 200 EMA
#3-The price has to gap up in an trend
If you want to buy bitcoin COINBASE:BTCUSD
go ahead because full disclosure
that the asset class i trade.
To learn more rocket boos this content
Disclaimer:
trading is risky please learn risk
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Nobody Appreciated it!! XAU/USD has finally hit the precise target I predicted with confidence just yesterday, and while I shared my analysis and insight in advance, it seems like no one took the time to acknowledge or appreciate the effort that went into this forecast. It's disappointing to feel overlooked, but in the end, the results are undeniable, and the accuracy of my prediction speaks volumes. Success like this reminds me that consistency and skill are more valuable than recognition, and I’ll continue to trust my work, whether or not it’s celebrated by others.
$GOLD UPDATE ( look at the last gold analys) Gold reacted positively to our analysis and has followed the projected path. It is expected to form a strong new resistance level soon, with a potential correction towards 2660 to 2680. However, this correction will primarily serve as a retest of the support zones, after which we will continue on the upward trend.
Bullish on Gold and Silver
Do you remember the previous post? 😉
Gold and silver moved as we expected. They showed some weakness in reaching the "Nice areas..." I highlighted this in the previous chart.
So what's next?
As I think we will see another rate cut from the US Fed I think that would be a decent driver for Gold and Silver to get a bit more stronger and don't go lower than the "Nice areas" that I highlighted.
For Silver, I see a very good potential for a move higher towards $36 (I hope before February) and for Gold, I think we can expect a bit more strength from buyers to push Gold to $3000 this year on a slow and steady pace.
Stay tuned for the next updates . . .
XAU/USD Longs from 2,590 or 2,570?Gold has been trading within a range, creating significant liquidity both above and below the current price. Once this consolidation phase breaks, I anticipate a reaction from either my supply or demand zones. Overall, my bullish outlook on gold remains intact.
I am particularly focused on the demand zones around 2,570 and 2,590, which I’ve marked as key areas. If the price reaches these levels, I expect a slowdown, allowing for accumulation before initiating a new rally to the upside.
Confluences for GOLD Buys:
- Bullish Market Structure: Higher timeframes continue to show strong bullish momentum.
- Break of Structure: Price has broken key levels to the upside.
- Unmitigated Demand Zone: Price needs to revisit these areas before continuing higher.
- Liquidity Above: There’s a notable amount of upside liquidity, particularly around Asian session highs.
Note: If gold takes out the upside liquidity, I’ll shift my focus to potential sells around 2,670, targeting the 5-hour supply zone for a reversal back down.
Gold is in the Bearish Direction after Trendline BreakoutHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Views Of Gold New Weeks ☄️Overview of the new week's gold market☄️
➡️Currently, the gold price is still in the side ways area in the large frame H1 and H4. They will break the 2700 area and return to the 2644 - 2641 area, we will Buy.
➡️And if we break the 2580 area and return to the 2620 area, we will sell
➡️Next week we will Buy and Sell in the area 2661 - 2615 until there is a price breakout and we will apply the above prices.
✨Wishing you a happy and happy weekend with your family✨
GOLD PRICE IS STILL ACCUMULATINGPrice continues to consolidate within a tight range, showing signs of accumulation as market participants hold off on major moves ahead of the highly anticipated Non-Farm Payroll (NFP) report. This period of indecision reflects traders' caution, as they await critical employment data that could significantly influence market sentiment and drive volatility in the upcoming sessions...